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RBI withdraws moratorium on Yes Bank, banking services restored

Shortpedia

Content Team
Image Credit: shortpedia

The moratorium imposed on the Yes Bank by the RBI has been removed making it customers to avail the banking service as usual. Customers can start doing normal transactions as they were doing before. On March 5, the RBI had imposed a moratorium on the bank, restricting withdrawals to Rs 50,000 per depositor till April 3, keeping in consideration it's poor financial status due to the fault in loans.